Aldawaa gets CMA nod to transfer 20% stake to Ramlah Holding

Logo of Aldawaa Medical Services Co.

Aldawaa Medical Services Co. stated that it received, on Sept. 5, the approval of the Capital Market Authority (CMA) to transfer shares of some major shareholders and deposit them into their investment portfolios at Ramlah Holding Co., within an organizational procedure.

The major shareholders are Mohammed Al-Subaie, Abdullah Al-Subaie, Hessa Al-Subaie and Nouf Al-Subaie, the company said in a statement to Tadawul, adding that the transfer is carried out according to their current stakes. 

The number of shares to be transferred to Ramlah Holding is 17 million, representing 20% of Aldawaa's capital, which stands at SAR 850 million, divided into 85 million shares. 

The move will change the major shareholders' list of Aldawaa upon completion of the shares transfer.

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